Momo, short then long The price does not seem to have much force, it has not been able to overcome the resistance of 15 dollars.
It seems to me that it is an AB = CD bullish pattern, waiting for it to fall to $ 13.80 and then go long.
Techstocks
$MSFT All Time Highs? or Double Top?So much on the line for the markets, as we approach big levels on $MSFT
This is a video update for those of you who have been following this trade since $253
I am thinking we build a cup and handle if we get a rejection and the market stays bullish or holds!
If you guys like my content make sure to leave a like and a follow!!
Go BBIG or Go Home? Key Levels382 Fib looks like a decent level of resistance on the BBIG chart right now. But with an uptick in volume today and some extra attention on social media, it's going to be interesting to see how things pan out. Between excitement around NFTs and the whole social TikTok competitor aspect, there's enough of a story to follow:
"Vinco Ventures is a penny stock that we’ve covered numerous times in the past few weeks. During that time, investors had been anxiously awaiting updates surrounding the acquisition of Lomotif Private Ltd. by it and its subsidiary ZASH Global Media and Entertainment. The pair plan to sign a final agreement and Plan of Merger on or prior to June 24th of this year, which is big news for shareholders. For some context, Vinco Ventures is an acquisition company, working on digital media and content-based companies. Its main strategy is known as B.I.G. or Buy. Innovate. Grow."
Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
PLTR Trending Towards Big MoveNYSE:PLTR
One of Americas favorite meme team leaders is looking to make a push towards 30... Will we see more fundamental mishaps that cause this stock to go down or are we going to see some legitimate price increases?
Versus Systems is tempting a strong support levelIt has been bouncing off the 200 daily candle EMA since March. I do not think it will break that support and start a downtrend, on the contrary, I consider it to be a good entry point.
"Versus Systems Inc is a Canada based company. The company is engaged in the technology sector and is developing a business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players. "
NASDAQ:VS
Palantir is Squished Against ResistancePalantir NYSE:PLTR has squished itself right next to resistance at $25.
What will happen at market open?
Could being added to the Russell 3000 give Palantir enough volume/momentum to make it across this key resistance level?
APPLE: THINK DIFFERENT ITS FOR LEARNING DIFFERENT KINDS OF PATTERNS AND THE PRICE ACTION INVOLVED.
Currently its in a RISING WEDGE format and consolidating below the wedge with good number of volumes.
W PATTERN is completed and now a upside or breakout from wedge pattern can be considered.
Queries in comment section.
Will Fans...Unite?FANS back at historic resistance from a few weeks ago. With the murmurs of excitement in esports, looks like things are picking back up from related names. The biggest question is will the momo keep going or does it fail at resistance again? Still really light on the newsflow so could just be sympathy sentiment driving momentum.
"FansUnite has also achieved several fundamental milestones in the last few months. Namely, the company entered a brand partnership with Cash Live Inc. The goal of this deal is to launch FansUnite branded live games on the Cash Live mobile app. The company already has a minority interest in Cash Live, which offers a free-to-play gaming app designed for mobile devices. The tech start-up has a poker and social casino game show platform with daily live-streamed shows paying out real cash to winners."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
Back at the Gap for LLNWLLNW back at historic support/resistance and right below a historic gap level from 2019. Right now this level is acting as resistance and has done so for weeks. No news isn't always good news but hopefully, the company starts getting more vocal:
"Not much has been announced since its last round of earnings. However, the company mentioned “formalizing broader plans to evolve” its offerings beyond video to “take advantage” of its network during low peak times. “We plan to hold a strategy update session in early summer. An announcement of the date and participation details will be shared approximately one month in advance of the event,” said CEO Bob Lyons earlier this year. So as summer begins, LLNW stock could be in focus."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
Is this just a Fib or is SLGG gonna finally make a move?Obvious play on words but clearly SLGG is testing that same resistance that lines up with the fib line itself. Esports conversations are beginning again. I'm wondering if this will be another cycle for these stocks.
"Shares of SLGG stock have steadily climbed over the last month. In fact, between May 14th and June 14th, Super League’s share price has jumped from around $4 to just under $6 this week. One of the things that helped supercharge Super League was a bullish analyst rating from HC Wainwright last month. The firm started coverage on SLGG stock with a Buy rating and a $6 price target. As the penny stock approaches that target price, it looks like traders remain bullish on the company. A few weeks ago, Super League announced the acquisition of Mobcrush. According to the company, this helped establish one of the largest “verifiable and addressable audiences of passionate gamers in the US.” Mobcrush operates a live streaming tech platform, which boasts a roster of gaming influencers and more than 4.5 billion accumulated fans * subscribers across social media sites."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
Rising Wedge + ABCD Breakout (I.P)In progress is a higher high and higher low, D break confluence with additional confirmations at that time.. will go Short. In the meantime it can pullback just a little but eventually reach ~$345 by the end of this month. I’ve also added key levels for support and resistance on daily.
Airbnb back into high 100's for a push to $300Price has soaked this mid 140 ipo"ish" range. Time to see if we can get some continuation in this move. People are still crazy active on their platform and I think the IPO hype has died down a bit, so it could be a bit of a friendlier trade.
TWITTER: Share and DiscoverITS FOR LEARNING DIFFERENT KINDS OF PATTERNS AND THE PRICE ACTION INVOLVED.
U PATTERN breakout done but came to retest but sharply.
GAP FILLING will happen which is of almost 10%.
Queries in comment section.
PLTR Downward Channel BrokenWith tech indices gaining much-needed momentum last week, lower bond yields helped push Palantir past a key level in price action. Since December of 2020, PLTR had been trending in a downward channel- with lower lows and lower highs being established. On June 2nd, the price seemed to have broken out of that channel and may indicate a reversal in price action if bond yields can continue to decrease. Another move to note was the clear push past its 50-day moving average- a very bullish sign.
In 2020, Palantir generated $1.1 billion in revenue, up 47% year-over-year. Their average revenue per customer was $7.9 million, up 41% year-over-year. Palantir has built its business with customers in the largest defense industry institutions like the U.S. Army, U.S. Navy, and CIA and companies like IBM, Amazon, and Airbus. Because of this, it is important to always keep an eye out for big contracts as their main source of revenue growth (for now).
NVIDIA Buy the Retrace for 25% - 45% Gains 1D TF Analysis
Well respected Ascending Channel Printing Higher Highs and Higher lows
with a new ATH Printed on the 2 June I would like to see a
back test of the $590/$600 * 0.618 Fib region before continuation to the upside targeting the
1-1 Fib Extension for a 25% move which sits at the middle of the channel and the 1.618 at the
top of the channel for a 45% gain.
I have highlighted the box for entry and depending on your appetite for risk
you can place SL below the last swing low at 530 or more wider at 450 again this is for you to decide
this is just an example .
Plan the trade and trade your plan , Know your invalidation and always use a SL .
Like and follow for regular analysis and signal setups and check out the related ideas below .
Descending Channel for GMG?GMG has been on one hell of a ride, I've been holding this company since before the halt when it was CUSPIS Capital, unfortunately, I sold a majority position way too early once the halt was lifted after nearly 6-7 months.
It appears as though the share price is consolidating into a Descending Channel on a log scale chart and more of a falling wedge on a % gain chart, either way, GMG will need to breach the downward sloping resistance and turn it into support to negate continued bearish momentum.
If support is lost on the pattern look for support around the price ranges where I've placed horizontal red lines which display some previous areas of confluence.
The Williams Alligator is showing bearish strength at the moment, ideally, you want the lines of the Williams Alligator pointing upward which typically happens after a bullish cross, this happens when the green line crosses over the red line upward.
On the DMI there is a bearish cross where I've placed the downward pointing arrow.
In the upcoming week, the DMI looks prime for a bullish cross.
Why buy Palantir before it breaks out
Big data firms are the new social media platforms that see massive revenue growth.
The market needs to come to terms with the possibility that Palantir’s revenues can quintuple until FY 2025.
As the market understands Palantir’s long-term revenue and growth opportunity, the stock will appreciate.
I think this is the next company that needs to be added to the group of FAANG stocks. Big data analytics is big business for NYSE:PLTR as data volumes grow and more analytical capabilities are required to make sense of them. Palantir is set to grow revenues extremely fast over the next five years, and the stock is set to break out.
Their software is mostly used to analyze data and develop solutions to complex problems for businesses and governments that have to manage through tons of data… Palantir's software and predictive analytics capabilities can help predict COVID-19 outbreaks, analyze performance data, fight crime, assist companies with the migration of IT systems, support law enforcement, solve supply chain problems and support effective risk management practices.
One of the biggest entities that collect data are governments. They have endless databases containing information about their citizens, which is also why the government business is an important cornerstone for Palantir to leverage its growth.
Since government contracts are a lucrative source of revenue for Palantir, and the firm collected 56% of its revenues or $610 million from its government customers in FY 2021. In the 1st quarter 2021, Palantir saw its government revenues grow by 76% Y/Y to $208m, and it could crack the $1b annual government revenue threshold by FY 2022.
Besides still not being profitable Palantir's revenues are growing fast and have increased 84% from FY 2018 to FY 2020.
Their own revenue guidance appears to be carefully formulated as the company is still in a phase in which it enjoys revenue growth rates approximating 50%. These rates will normalize with time, but Palantir is set for a golden future.
Revenues could grow from $1.1b in FY 2021 to $5-$6b over the next five years, assuming gradually declining growth rates, which are historically validated.
As times goes by and customers, in both commercial and government area, experience Palantir's software platform, they tend to spend more money, which makes it ultimatly a trend in itself Instead of just signing on new clients and scaling, Palantir clearly has the option to maximize the customer lifetime value by increasing revenues per customer, which it does.
Revenues per customer increased a massive 29% Y/Y to $8.1m in the 1st quarter, which attests to Palantir's strong organic growth capability.
(Source: Palantir)
Potential Risks:
Since profits are still a thing of the future we should rather value them over expected sales than actual net margins. Also because the Plattform itself is so well programmed it will needs less R&D spending.
Another risk for shareholders touches on the subject of dilution. Palantir, as most tech companies, issues a lot of stock for compensation packages, which dilutes shareholders. Palantir's outstanding number of shares increased 80% from FY 2018 to FY 2020 and continued to rise in the 1st quarter 2021.
When the market understands Palantirs full potential and their recurring revenues YaY and that a government focus is a strength, not a weakness. Once the market does that, PLTR should break out and revalue higher.
5/20/2021 AMDAMD undercut important lows and reversed back into its range. Tech & Semiconductors have been weak and beaten down for a while, so a short term bounce is not out of the question.
In @ $77.00
Stop @ $72.10
2:1 Target at $86.90
SNAP Buy setupSnapchat parent company Snap Inc (NYSE:SNAP) showed strength in its advertising revenue in the first quarter. Analysts saw many positives from the quarterly earnings report.
Snap's first quarter checked all three boxes of revenue, users and EBITDA that Nowak was watching.
Snap’s advertiser base nearly doubled year-over-year in the first quarter. Up-front advertiser commitments grew by more than 50%, including a tripling of year-over0year up-front commitments for commercials from branded advertisers.
With initiatives like SNAP’s partnership with Gannett helping in developing relationships with SMBs across North America and integrating those businesses into products like Snap Map.
Snap has great potential technically and fundamentally for share price growth.
Is OSTK trading in an Ascending Triangle?OSTK's earnings are fast approaching, it'll be interesting to see if there's any bullish momentum from the numbers.
Since early January this year up until today, the blue upward sloping support of the pattern has held forming a series of higher lows & an Ascending Triangle.
On the KST there's a bullish cross where I've placed the blue finger.
The DMI is displaying a bullish twist and indicating potential further momentum to the upside.
Shiller Cape Ratio Might Be Saying We Are About To Crash Soon...These things mean revert big time and goes to undervalue before it goes up again. I believe the markets are about to crash might time and this time it can be much violent and faster.
BFLY Butterfly Network Inc"Ultrasound designed for the future."
"Experience a groundbreaking ultrasound solution and the world’s only single-probe, whole-body handheld device, powered by Ultrasound-on-Chip™ technology. Butterfly transforms complex processes into one connected POCUS system to help you offer better, more efficient care."-Butterfly Network Inc
That is info from their site
Bill gates loaded up on this stock last year
